Thread: China 2011 property loans slow, bill financing surges

BEIJING (Reuters) - Chinese banks extended a total of 1.26 trillion yuan ($199.4 billion) in new loans to property developers and home buyers in 2011, down 38 percent from 2010, the central bank said in a statement on its website on Monday. Beijing has taken an array of measures to rein in the property market -- including raising mortgage rates and minimum down payments -- to ease public discontent with rocketing home prices, a process that has made it difficult for both home buyers and developers to get bank loans. Property loans accounted for 17. ...

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